Macy's

Department store chain in the United States

Macy's (Under CC License)

Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of 2015, Macy's was the largest U.S. department store company by retail sales. As of February 2019, there were 584 full-line stores with the Macy's nameplate in operation throughout the United States, Puerto Rico, and Guam. Its flagship store is located at Herald Square in the Manhattan borough of New York City. The company had 130,000 employees and earned annual revenue of $24.8 billion as of 2017.

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"Increased tariffs will increase prices for customers," CFO of world's biggest retailer told Wall Street analysts.
Credit: CBS News - Published 1 week ago

CEO Jeff Gennette's appraisal put a damper on the retailer's first-quarter results, which smashed expectations
Credit: CBS News - Published 1 week ago

NEW YORK (AP) — Stocks shook off an early slump and turned higher in morning trading Wednesday, led by solid gains in Microsoft, Facebook and Google. Banks..
1 week ago • WorldNews
Macy's topped first quarter estimates and comparable sales, reporting profit of $136 million, or 44 cents per share, beating Wall Street expectations.
Credit: USATODAY.com - Published 1 week ago

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